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We expect a $0.078 movement on HG within 12 hours following the event release at 12 Feb 10:00.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $0.078 movement on HG within 12 hours following the event release at 12 Feb 10:00. We expect HG to trend upwards 12 hours following the event release at 12 Feb 10:00 if the released value is > -2.3%

Historical events that allowed us to draw this conclusion

12 Dec 10:00
13 Nov 10:00
13 Jun 09:00
12 Apr 09:00
13 Mar 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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